Re:The Challenges of Being in the New Contract Workforce
by thrownaway954 on Tuesday January 23, 2018 @01:20PM
(#16215865)
The issue is that any decent health plan is around $700 dollars and you cannot deduct that as an expense from your salary when you're a contractor or 1099. Now if you could deduct any and all types of "benefits" (so to speak) from your taxes as contractor, I think that would be a win.
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Re:The Challenges of Being in the New Contract Workforce
by prepend on Tuesday January 23, 2018 @01:55PM
(#16216262)
You may want to check with your CPA as you can certainly deduct health insurance as an expense as a 1099 contractor. It’s actually easier as a contractor to deduct these as straight business expenses than as a w2 employee.